The Self Managed Super Fund Association (SMSFA) says it's important to identify and close weaknesses that perpetrators can use to financially abuse victim-survivors.
It says abuse can happen with an SMSF that is established with a corporate trustee, and the perpetrator and victim-survivors become directors of the corporate trustee, as well as a member of the SMSF.
“Once the SMSF is established, the perpetrator can coerce or even fraudulently rollover the victim-survivor’s superannuation to the SMSF and illegally access the funds, with or without the victim-survivor’s knowledge,” the association stated.